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A few years ago, I was on the phone with a homeowner. He was irate with how his community’s money was being spent. He was unhappy with the budget increase. It was a call I took regularly from any one of my homeowners (and more often than no…
According to a recent notice from New York City-based firm RAND Engineering & Architecture DPC, following the precedent set at New York City's restaurants, building owners will now have letter grades posted outside their entrances as well. …
Occasional clashes over questionable grass-mowing technique or noisy neighbors notwithstanding, according to the 2020 Homeowner Satisfaction Survey , a new report conducted by the Foundation for Community Association Research (FCAR) …
Compared to previous generations, Millennials (those born between 1981 and 1996, give or take) have a conspicuously low rate of homeownership. While the ranks of millennial homeowners have expanded slightly over time, the numbers still fall…
On Thursday, July 16, NBC 4 New York reported that a scaffold on a residential building in Manhattan’s Murray Hill neighborhood collapsed onto a sidewalk shed below, killing one worker and seriously injuring three others. All four men w…
Reserve funds are a normal - and crucial - component of the budget for any co-op and condominium community. Lenders of all types, whether it be the banking institution that holds the underlying permanent mortgage on an entire co-op building…
According to a new Harris Poll, nearly one third of Americans are considering moving to a less densely populated area due to the coronavirus. They’re prioritizing larger apartments with enough room for home offices and access to private out…
According to a recent press release from New York-based law firm Herrick, the City has announced that the Uniform Land Use Review Process, or ULURP, will restart in August. The release states that “ULURP has been ‘on pause’ since March, res…
According to two market reports released by the Real Estate Board of New York (REBNY), NYC is facing some formidable challenges as the city finds its way out of the economic weeds it was thrown into by the coronavirus pandemic. REBNY’…
As some states continue phased reopening of their economies and social spaces, and others are forced to backtrack as coronavirus cases spread, the question on every board member and property manager’s mind these days is how their own commun…